Motisons Jewellers Ltd’s IPO to open on December 18

Ahmedabad: Jaipur-based hyperlocal jewellery retail chain, Motisons Jewellers focuses on offering designs, high quality, transparency and customer service to its customers, has fixed the price band at Rs 52 to Rs 55 per Equity Share for its maiden initial public offer. The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Monday, December 18, 2023, for subscription and close on Wednesday, December 20, 2023. Investors can bid for a minimum of 250 Equity Shares and in multiples of 250 Equity Shares thereafter, the company said in a statement.

The Public Issue of face value of Rs 10 per Equity Share is entirely a fresh issue of up to 2,74,71,000 equity Shares with no Offer for Sale (OFS) component, the official statement added.

Motisons Jewellers offerings include gold and silver coins, utensils and other artifacts. It had commenced its business through a partnership firm ‘M/s Motisons Jewellers’ in 1997 and subsequently converted into public limited company in 2011 and currently have presence across multiple prominent locations in Jaipur, Rajasthan, the company said in a press release.

As per the press release, Holani Consultants Private Limited is the sole book running lead manager and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.